Central China Real Estate’s (CCRE) dollar bonds dropped as much as 4% with Bloomberg reporting that concerns over the possible delay of delivering certain projects related to its football and cultural segment witnessed a fallout from rainstorms and flooding in Henan. CCRE is seeking local government support regarding the event. CCRE The projects involve¬† CCRE separately said that it has set aside sufficient cash to repay a $400mn bonds due November 2021 as per investors who participated in a company call.

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